The Destruction Of The American Economy During The Great Depression

Some problems that threatened the american economy was that the stalk market crashes 1929, many people had lost their jobs and forced to move to a shanty town, industries were struggling to stay in business, famers had were hit with the dust bowl causing them to lose all their crops. People who have put all their money into the stalk market had lost everything they had invested into their stalks. When the stalk market had crashed many places had raised the prices of their products. The prices that they had on the products were too overpriced for people who had lost their jobs and or all their money due to the stalk market crashing. Many people were paying using credit. Americans weren’t able to pay off the loan payment. On october 29th 1929 stock market crashed people were
People struggled to survive during the great depression. There was no money when the dust bowl had hit. American that were living in rural areas grabbed very little belongings and moved out. People were looking for a better life elsewhere. Children didn’t go to school but instead went to work. People started to fish hunt and start growing their own food. Men would leave their families searching for work.`women and children worked. People who lived through the depression had changed. People who lived in the depression would save everything they got even one pea. The families who were not able to afford to live in the cities were migrating to the outskirts of the city called shantytowns. Men would go to bread lines. You would rarely see woman in the bread lines because they didn’t want to be seen in one. At the time the president was Hoover. Hoover thought that people shouldn’t depend on the government.the putnam bill was brought to congress in 1932 for that they pay the would war one vets immediately instead of getting payed in 1945. 15,000 vets had gone to Washington to support the bill. The senate voted no to the